Ha ha just kidding. That was the headline I'd like to see - that the whole taxpayer funding of the skyscraper thing was killed off. Once it was called crony capitalism, although John Stossel is trying to coin the word crapitalism.
The way it has gone lately here in Midland, Texas, the cronies appeared to be on the ropes with the city council scrapping a contract for the monster skyscraper. But not so fast. They've only gone back to the drawing board to work up a new deal for a shorter skyscraper. (One wonders if the developers simply didn't get enough interest from potential renters to go forward on the big one.)
As for who will make up for the funds applied to the subsidies, it's the taxpayers, of course. The city council wants to hike our property taxes for the umteenth time. This time the excuse is the growing population. It would seem that new arrivals would be contributing to the tax revenue through the sales tax, the hotel/motel tax, and property taxes (they would have to be living in a van down by the river to avoid paying property taxes directly or indirectly.) So they would seem to offset any expense they caused the city. But in government, taxes go in only one direction, up.
It's a shame that in a boom town they can't make it without government largess -- at least they were honest about that. But that's life. Government shouldn't be in the business of picking and choosing which businesses fail or succeed. Let them do it on their own without the crapitalism.